Raised Income Ceiling for EC buyers

Date Issued: 24 Aug 2015

Raising Income Ceilings(1) MND and HDB are committed to helping Singaporeans own a flat, particularly young couples setting up their first homes. With effect from 24 August 2015, MND and HDB will raise the income ceilings for citizen households to buy new flats from the HDB and HDB resale flats with the CPF Housing Grant, from $10,000 to $12,000. MND and HDB will also raise the income ceiling for citizen households to buy new Executive Condominium (EC) units with tiered CPF Housing Grant from $12,000 to $14,000.